40% of readers think prices will bottom out this winter/spring

Given all the negative news on home prices lately I was surprised to see that 40% of the participating readers of Arizona Real Estate Notebook thought prices would bottom out this winter/spring.

Who will end up being right? The crowd of my readers? Or economist like those at Economy.com who are predicting a bottom for Phoenix in the second quarter of 2008? (More on the Economy.com report here and here.)